Britain's headline employment rate grew to 74.9% in the month, a record high since comparable data was first compiled in 1971.

"There were 32.01 million people in work, 175,000 more than for December 2016 to February 2017 and 324,000 more than for a year earlier," the ONS said.

On the flipside, unemployment fell in the month, hitting a new low of 4.5%, down from 4.6% at the last reading.

"There were 1.49 million unemployed people (people not in work but seeking and available to work), 64,000 fewer than for December 2016 to February 2017 and 152,000 fewer than for a year earlier," the ONS added.

"The general picture is little changed on last month, with the overall employment rate and that for women both at record highs, the inactivity rate at a joint record low and the unemployment rate falling to its lowest since early summer 1975," Matt Hughes, a senior statistician at the ONS said.

Here is the ONS' chart showing the UK's employment trend in the past five years:

ONS

While employment hit a record high once again, the wage squeeze that has hit the UK since the Brexit referendum last month continued, albeit at a marginally slower rate.

Wages grew by 2% in the month against an expected 1.9% rate of expansion. That was up from 1.7% in May, but remains well below the rate of inflation Britain is currently experiencing.

With inflation currently sitting at 2.9%, Wednesday's wage numbers show that real wages are actually falling in the UK for a fourth consecutive month.

Prices are rising across the board thanks to the fall in the pound seen since last summer's referendum, with food prices increasing particularly rapidly.

"Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) fell by 0.7% including bonuses, and fell by 0.5% excluding bonuses, compared with a year earlier," the ONS said.

"Despite the strong jobs picture, however, there has been another real-terms fall in total earnings, with the growth in weekly wages low and inflation still rising," Hughes added.

Here's the chart:

ONS

Commenting on the wage figures, Ben Brettell, a senior economist at investment firm Hargreaves Lansdown said in an email: "Shrinking real pay doesn't bode well for economic growth - the UK economy is heavily reliant on the consumer and falling real incomes should eventually translate into lower retail sales.

"Respected think-tank NIESR said last week it expects relatively anaemic growth of 0.3% in the second quarter - barely higher than the disappointing 0.2% registered in Q1."

"The UK labour market is becoming increasingly difficult to interpret. Conventional economic theory suggests that low unemployment should ultimately lead to upward pressure on wages - but there has been scant evidence of this during the latest squeeze on household finances. Perhaps workers simply don't have the bargaining power they once did."